Moneta
Issue No: 21
July 2017
By
SN Panigrahi,
GST Consultant-Expert
As per Sec 9. (1) Of CGST Act,
2017, GST is levied and collected
and tax shall be paid by the Taxable
Person
Recommendations of the Council
and collected in such manner as may
be prescribed and shall be paid by
the Taxable Person.
Sec 9. (1) 0f CGST Act: Subject to
the provisions of sub-section (2),
there shall be levied a tax called the
central goods and services tax on all
intra-State supplies of goods or
services or both, except on the
supply of alcoholic liquor for human
consumption,
on
the
value
determined under section 15 and at
such rates, not exceeding twenty per
cent., as may be notified by the
Government on the
Who is a Taxable Person?
Sec 2(107) of CGST Act : “Taxable
Person” means
a
person
who
is registered
or
liable
to
be
registered under section 22 or section
24;
Persons Liable for Registration
Sec 22. (1) of CGST Act :
Every supplier shall be liable to be
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